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, tyler, all about the federal reserve and the economy. >> and cyprus in there for good measure. it was a very busy news day. we're here to tell you all about it. the federal reserve did it again. says it's going to keep ierest rates where they are, near 0%. and it also says it's going to keep up its bond-buying program. the markets like what they heard from the fed along with a pledge from the new head of japan central bank about its own bold, easing measures to be unvailed on thursday. as a result, stocks moved higher here about. the dow touching an all-time intraday high. the blue chips did close 56 higher. nasdaq up by 25 and the s&p 500 se f the rst time in four sessions adding 10 points and taking us to within a few of an all-time high. steve leaseman tells us where we go from here. >> the federal reserve voting 11 to 1 to keep its policy in place and purchasing $85 billion a month in treasury and mortgage-backed securities in an effort to drive down long-term interest rates. but the federal reserve chairman in the press conference after the statement came out, suggested t
to become the head of his own brokerage firm. man who has lived in both america's economies says only the wealthy are cashing in on the stock run. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your wallet? told you i'd get half. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. if your a man with low testosterone, you should
brands think of the economy and the american consumer? susie sits down with the top man at coca-cola. all that and more coming up right now on "nbr." good evening and welcome to our public television viewers. susie, once again, little cyprus making big economic noise today. >> you're right, tyler. actually a big win for citizens in cyprus. lawmakers rejected today an unpopular and unprecedented proposal to tax bank deposits. it was part of a larger eurozone bailout plan to rescue those banks and keep the nation solvent. the crucial vote came after a wave of protests, and as cypr t cypriots scrambled to withdraw cash from their atms. bertha coombs joins us with more on today's historic vote and what's ahead for cyprus? >> what's ahead is a very big question. the world was watching the tiny island nation again today, in a show of hands-on opposition, party members voted no on a tax and 10% of bank deposits, a condition set by eurozone officials to secure 10 billion euro bailout. many called it extortion. ruling party members abstained saying beyond saying no they need to find another plan.
this economy. and i thank you once again, my good friend from california, for making all the important points this evening. mr. garamendi: washington, d.c., your leadership in this community has been known for some time and i thank you very much for joining us tonight. i want to do two things before i end. first of all, medicare is back on the table. the ryan budget takes up medicare once again and provides a voucher that will destroy it. i'm going to change this. medicare, 1965, president 2013, created by l.b.j., destroyed by the g.o.p. i don't think so. seniors don't want it. americans don't want it. the last campaign for presidency, this was one of the major issues and ryan is coming back with it. bad idea, bad timing. and i want to end with this, this is a great country. there is no other place in the world like the united states. it is one terrific country. there is enormous energy in this country, where people want to get a job and go to work and businesses want to grow and hire people. all of that is waiting for congress to get its act together, to get this sequestration out of the way
affect the u.s. economy. presumably including cyprus. as well as the improving u.s. job market, and strong housing sector. and as we wait for fed officials to wrap up their meeting tomorrow, it's expected they will leave interest rates unchanged. joining us to talk more about the fed, randall krosner, former fed governor and now professor of economics at the university of chicago. i've not had the benefit of being in those meetings. you have, and i'm curious to know, do you think cyprus came up? if so, how? and how would the fed governors and members of the fomc handicap its possible effects on the u.s. economy? >> it certainly would have come up, i think, if some analogies with iceland from a number of years ago. even a smaller country, only 250,000 people, not a million people, but it was something that we focused on. we worried about and tried to think of what the implications are. here it's clear the europeans have made i think a terrible mistake in making this proposal. that potentially could undermine confidence, and that could have knock-on effects not only for the whole
. the economist is out with a report on our economy's saying that our economy is in better shape than you think. we're back with that in a moment. first, i want to give a shout out to my grandmother mabel. she convinced her nursing home to switch cable providers just to see the cycle every day. go, mabel! [ jackie ] it's just so frustrating... ♪ the middle of this special moment and i need to run off to the bathroom. ♪ i'm fed up with always having to put my bladder's needs ahead of my daughter. ♪ so today, i'm finally talking to my doctor about overactive bladder symptoms. [ female announcer ] know that gotta go feeling? ask your doctor about prescription toviaz. one toviaz pill a day significantly reduces sudden urges and accidents, for 24 hours. if you have certain stomach problems or glaucoma, or can not empty your bladder, you should not take toviaz. get emergency medical help right away if your face, lips, throat or tongue swells. toviaz can cause blurred vision, dizziness, drowsiness and decreased sweating. do not drive, operate machinery or do unsafe tasks until you know how tovia
. connell: highest level close to five years. the economy may be improving. the problem for president obama is his approval rating is not. 47% of americans approving. doug shaw is here to answer that. a record-breaking run last week. you have home production neared the unemployment rate falling. >> first of all, we have dysfunction in washington. we do not have a budget deal. economic growth was tested in the fourth quarter. there is no sign that it is reviving. there really is no revival on main street. connell: is there something politically bad be done? is there something they are not doing right? shouldn't they be better able to take advantage of the perfect stock market and little bit better economic numbers? i think the president is trying to do that now, connell. reaching out to the public senators and paul ryan. we made a deal on the but with newt gingrich. the same thing needs to be done now. dagen: something really struck me. i do not mean to harp on it. the average american wakes up in the morning, you tell me how he feels or she feels that deficit with the daily impact. you kind
and the new fed forecast for the economy. and the stocks we're focused on this morning, blackberry getting an upgrade at morgan stanley and a note titled why it won't go down and it gets into the best buy bull camp, and calling it the best near-term idea in the sector. let's get straight to fedex. the package delivery company says it earned $1.23 a share in the fiscal third quarter and below wall street forecasts. fedex says the customers were choosing slower transit services. this does happen, of course, after a massive run in the transports. >> one of the things that amazes me about fedex is they keep missing and they get loved a few days later. missed and gets loved. it's still regarded as being a profit machine. they have this restructuring that people like very much. people feel it's only a matter of time before someone steps up to the more expensive freight. to me, my charitable trust owns ups. ups has the expectations lower. scott davis always says negative things. >> melissa hit the nail on the head. the stock had a big run and the two guys were going head to head over what was in
a campaign on jobs and the economy, jobbing and the economy, jobs and the economy and beat that drum until i beat people into sleep. that's part of it, all right, but all of the rest of this has to be added together, or we can never reconstruct this country. we will not get the pillars of american exceptionalism back together. [applause] unless we have the full spectrum. if we can restore our families and strengthen our faith and protect innocent, unborn human life instead of assaulting it with a half a billion dollars appropriated to planned parenthood in a single year. that's gotta go. obamacare has got to go. [cheers and applause] we can't let up on obamacare and believe that somehow we're going to capitulate to that side because the roads are vitality, and it is an unconstitutional taking of god-given american liberty, and it's got to go. [cheers and applause] ronald reagan omelet me down a couple -- only let me down a couple of times in eight years. one of those was 1986, and i still had the dent after i heard on the news he had signed the amnesty act of 1986. but it was on the promise
coming up. in the next hour we're going to be talking the economy and the dow with jennifer ericsson from the center for american progress, and then we'll talk about cpac and james homan was at cpac and he'll be here in studio with us. the president is kind of kicking back this morning. he has private meetings in the morning, getting the daily briefing and then at 4:40 this afternoon we'll be delivering marks at a women's history gathering. another hour of the "full court press" coming up. [♪ theme music ♪] >> bill: good morning, everybody. itit i is s mondayayararchch 1 18th. welcome to the "full court press" here on current tv. we're bringing you up to date on all of the latest developments here in our nation's capitol, around the country and the globe, whatever is happening we'll tell you about it. and you get to tell us what it means to you by giving us a call at 866-55-press, joining us on twitter @bpshow, and there is a civil war among republicans. sarah palin said karl rove if he's so smart he ought to go back to texas and run for office, and karl ro
insolvent. the banks in cyprus are huge, eight times the size of the economy. consider that here in the united states. our banking system is roughly one-time the size of our economy. what we're waiting to see next are they going to get this through parliament and get it done? it is so controversial they're trying to find out different ways to make it less controversial. impose the tax on larger shareholders to a much greater degree. it was originally 9.9% and you go to 12%. if you didn't want to tax the small guys at all you'd have to go to 15% or 16%. this is the scene when the president walked into the palace headquarters. there were people there with no written on their hand and this says merkel stole our money. keep in mind, european union will still give them 10 billion euros and they were trying to come up to reduce the original size from 17 billion euros. the other thing to keep in mind, by taxing depositors they're taxing a lot of foreigners and a lot of russians who had kept their money. the thing is will the rest of europe, will small depositors across the rest of europ
class and an economy built on nnovation. in my state of the union address, our most important task was to drive that economic growth. i meant it. we should be asking ourselves the questions -- how to make america a land for good jobs? how do we equip people with skills and training to do those jobs? how do we make sure that hard work leads to a decent iving? please feel free to sit down. i'm sorry. everyone is standing. maybe it was one of the effects of the sequester. you had to get rid of chairs. [laughter] i chose argonne national lab because few areas hold more promise for creating good jobs and growing our economy than how we use american energy. after years of talking about it, we are poised to take control of our energy future. we produce more oil that we have in 15 years. we import less oil than we had in 20 years. we have doubled the amount of renewable energy that we generate from wind and solar. tens of thousands of good jobs to show for it. we are producing more natural gas than we have before that hundreds of thousands of good jobs to show for it. we have supported the
this year? and would a balanced budget hurt the economy? joining me kevin mccarthy and the top democrat on the budget committee, maryland congressman chris van hollen. a little later, our round table will be back talking about the future of the republican party, and republican governor scott walker of wisconsin will join the conversation. and let in real people. it smells good. like laundry fresh out of the dryer. a man fresh out of the shower. nailed it. proof. febreze car vent clips keep your car fresh. breathe happy. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix (varenicline) is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or
in washington. is something going to get done this year, and would a balanced budget hurt the economy? joining me for debate, the republican wlip in the house, kevin mccarthy, and the top democrat on the budget committee, congressman chris van hollen. >> we'll talk about the future of the republican party, and >> we'll talk about the future of the republican party, and republican governor scott walker for those nights when it's more than a bad dream, be ready. for the times you need to double-check the temperature on the thermometer, be ready. for high fever, nothing works faster or lasts longer. be ready with children's motrin. like a squirrel stashes nuts, you may be muddling through allergies. try zyrtec® liquid gels. nothing starts working faster than zyrtec® at relieving your allergy symptoms for 24 hours. zyrtec®. love the air. >>> on tuesday, the day a new pope was installed in rome, president obama makes a sensitive trip to the holy land for his first presidential trip to israel. the trip isn't ambitious. mostly the president seems to be responding to critics who question why he's n
revenues. it would cut waste, add jobs and spur economic growth of the economy. it would reduce the deficit by an additional $1.8 trillion without jeopardizing the recovery or harming the middle class. it includes $1.2 trillion in new revenue obtained not by tax increases but by closing loopholes and eliminating wasteful spending that benefits the wealthiest americans and the largest corporations. it eliminates $4 billion in annual tax breaks to the oil and gas industry, an industry that is making profits. they don't need a tax break. in fact, they're making enormous profits. so, why does the ryan budget give them a government subsidy? the democratic plan invests in infrastructure, education, job training and innovation. it is designed first and foremost to help create jobs and strengthen the economy. the house democratic budget also makes critical investments in our future. $200 billion is invested in infrastructure, education, job training and innovation. helping to create jobs and strengthen the economy. these investments include $80 billion for an education jobs initiative, $50 billion
the day. from the economy to earnings now. we get a number of interesting quarterly reports due today as well. before the bell, we'll hear from fedex, general mills and lennar and this afternoon we have oracle. a lot to chew on for the markets. s&p by the way coming off its first three-day decline of 2013. take a look at u.s. equity futures at this hour. green arrows across the board. and then of course there's cyprus. the country's leaders are holding crisis talks today trying it avert a financial meltdown. the parliament rejected an unprecedented tax on bank deposits. that was a key part of the eu bailout terms. the finance minister is in moscow today with mounting speculation that russia could step in with a safety plan to safeguard russian deposits in cyprus. steve sedgwick is in moscow where he caught up with the finance minister there an hour or so ago. steve? >> they turned to russians once again. there's a loan on the table from russians dating back from 2011 so it's not the exception to it the rule for the cypriots to turn to the russians. the russians themselves are indignan
requirement to have a -- growth perspective of employers. mr. deputy speaker, a vital sector for our economy and the cost of doing business is energy. creating a low carbon economy is done by create jobs rather than -- was a major step forward for new nuclear. today with help of we are also announcing our intelligence to take two projects to the next stage of development will support the manufacture of mission vessels in britain with new takes incentive and the honorable members has urged do you passionately and in a nonpartisan way about the damage of doing the famous ceramic industry and persuaded me we will exempt from next year the industrial processes for the industry and others from the climate change. [cheering and applause] [laughter] >> for the we will this year sign contracts for the commissioning relief, the expectations of which is already increasing investment. i want britain to tap to new sources of local energy like shale gas. i'm introducing a tax -- including a shale gas field allowance to promote early investment. shale gas is part of the future and we'll make it happen. we
president obama entered office facing massive deficits and an economy that was shedding hundreds of thousands of jobs per month. now we've made progress towards getting our debt and deficits under control, and we've added back jobs, but the recovery isn't as strong or as fast as it needs to be. millions of workers continue struggling to get back to work, and we still have some very serious challenges when it comes to our medium- and long-term deficit and debt challenges. in the coming weeks and months, we will be asked to make tough choices as we work to tackle these challenges responsibly. this process is not going to be easy. there's a serious difference of opinion about what our government should be doing to keep our economy and our national finances moving in the right direction. one approach is to follow a path back to the economic policies of the last administration. this is the path to more tax cuts for the rich but less opportunity for the middle class to get ahead. it is a path not to prosperity, which can only truly be built from the middle out, but to the deterioration
and the austerity he is putting in place has caused the economy to be really slow. >> a lot of tax increases over there in europe. we look at this austerity bit. i want to talk about this for a second. >> i want to get back to the budget then. >> talk about what is happening in washington. you know, economics discussed on tv or on the internet or on twitter, it's so depressing, because people really don't know what they are talking about and they just sort of boil it down and there is this belief through the years, that tax cuts are not a tool used. of course, tax cuts are a tool used and tax increases something that traditional are against in bad times. we hear about austerity across great britain and we never hear about the tax increases. when you talk about the fact they cut and slash spending at the same time they hike taxes, it really was a formula made to fail. >> spending cuts and tax increases both take money out of the economy and slow the economy and, yes, they create this idea of austerity. but, look. it's a balancing problem. on the one hand you need to deal with it budgets and defici
and champion growth. our economy is stagnant and a lot of people are hurting. and that's where my focus remains, every day. >> shannon: you mentioned that republicans and democrats, you question whether or not they have read the constitution recently and if they adhere to it and if they are really familiar with what it is at its core. how do you reconfigure? how does either party get back to that? >> i think we are seeing a rejuvenation in the republican party. visaid for a while. i think -- i have said for a while, i think the best thing that happened to republicans was to get our teeth kicked in by 2008. by 2006, 2008, i think that republicans had stopped standing for principle. we saw a new generation of leaders step forward in 2010 and more continue in 2012, who are really focused on getting back to our core principles, getting back to the constitution and getting back to free market principles. i think far too many republicans had gone along to get along. had agreed with democrats and exploding the size of government -- i mean, that's how we have gotten a $16.5 trillion debt. i think the p
of the economy that are not that strong and i don't know what the sequester will bring in the month of april. >> look, the data say things are better, and i think the fed will be under a lot of pressure because interest rates are headed higher. >> at some point the fed will have to acknowledge that -- and they have -- to your point, they changed the language a little bit. it's a moderate recovery and it's a strengthening recovery. words like that. >> right. >> at some point they're going to have to acknowledge what we all seem to know which is -- they're not great, but things are getting better. now will inflation pick up and that, of course, is the fed's number one mandate. will inflation pick up until we see jobs pick up because wage inflation comes with excess demand from workers. i don't know. that's the big trillion dollar question mark. >> commodity inflation whether it be corn or copper and the strong dollar will contain inflation that's going up a great deal. housing is stabilizing and not really in the numbers. i want to take issue with some of what you said. i think we all think th
in a big way, whether it is a game changer and what that means for the market and the economy and everything else. i know we'll be talking about it it at noon. >> we're going to get our last word. they can talk about it for just one second and not that long because we've only got a minute and we'll talk to henry blodget and curtis artledge. you asked a question about jc penn penney. maybe they can raise more cash, but they're running out of cash at this point. they don't have that much left. >> you have a final thought on either jc penney or more importantly, the markets? >> i think today's entire discussion has been about the early stages of confidence building and we get past these two gigantic minefields of fiscal cliff and sequester. we start to see m & a pickup and retail sales and they're willing to spend money because they're more scared about their job. we see capital expenditures and people starting to plan for them and sentiment, actually, when we talk about it i don't think there's that much complacency. people are still nervous. >> scott, it was great having you he
measures also create good quality american jobs that can help grow our economy for the future. it's a win-win that we should all support. that's why last month i reintroduced two bills that would help our local communities implement these cost saving measures. one is the coastal state climate change planning act which would provide for coastal states who wish to carry out adaptation projects in order to prepare for the impacts of climate change. and another bill is the water infrastructure resiliencey and sustainability act, supporting states wishing to update their aging storm, waste and drinking water systems in order to adapt for climate change. these bills would help our local communities to plan and prepare for the impacts of climate change and increased extreme weather. our communities deserve protections from these potentially devastating events, and we have a responsibility to help. mr. speaker, we have a choice. we can continue to spend tens of billions of dollars annually on emergency aid packages that will only grow in size and quantity or we can spend a fraction of that on pla
. that's good for 125th in the world. per sapt a gdp, $26,900. 71% of the economy service based. tourism big there. 20% is industry. 8.5% agriculture, mostly olives and citrus. in a nut shell, finance ministers are going to hold a conference call this evening to discuss a proposed bailout for the cypriot banks. the plan started this weekend included taking money from regular bank deposit, large and small, 6.75% to almost 10% if you've got more than 100,000 euros in an account over there. why are those banks in cyprus in trouble? they were heavily exposed to greek debt and we all know what happened there with the greek debt, both public and private. then the cypriot banks were national as ied to prevent an need colorado lapse. european regs, that's where the rest of europe comes in. instead of sending a bailout like it did in spain and greece, germany wants to raise money from actual people with deposits in those banks. here's how goldman sachs' paul o'neill summed it up on "squawk" this morning. >> i got off a plane from singapore saturday morning and i thought my jet lag was up but i wa
every word i say for or against me. it's made our life easier and also changed our economy. you go to grocery store today and find machines doing the jobs people once did. one person because of automation can do the work by people used to do. it's the world around us that is changed and had an impact on our people. on our hard-working people, many of seeing jobs wiped out. just been doing 20 years gone overnight. .. to protect the people who are struggling and they don't want want to take in want to take it away from anybody. the vast majority of americans in the hard-working middle class don't want to take away from people that have made. they do want to hurt the people that are trying. they wonder who is fighting for them. who's fighting for the hard-working everyday people who do things right and do not complain that have built this nation? and conservative believers in limited government and free enterprise that that is our challenge in their and the opportunity. to be there for them and by the way i can think of a better call because our hard-working middle-class is one of the
are not helping people to improve their conditions. the scandals have devastated our economy. host: thank you very much for the call. this is a profile on the snap program in rhode island. it is an ackerman for the supplemental nutrition assistance program. let us go to jason from britain, new jersey. caller: thank you for this great topic. i think it is one we can all relate to because everyone has to eat. it all starts with food. athink the first lady has set good example with the garden she is growing behind the white house. given to allwas americans to grow a garden. this could wipe out the hunger problem probably within one growing season. some type of tax incentive, some the of extra tax on corporations and oil companies that are getting subsidies. take a small fraction of that away. give that to citizens to grow food. around in onethis season. this is an opportunity out of anniversary -- this is an opportunity. out of adversity comes opportunity. it is a travesty to see americans going hungry. these are programs i did not even get interested in. it is easy for us to blame government. let us
capital economy will flea to lower tax states. >> we have the right to change the rules op you after the fact, and that's what's nos fair. >> some in sacramento are trying to unwind this. california's not cypress, it's not taking, but to many, it is clearly unfair. >> no, it is. it is so unfair. i mean, changing the rules after the fact is crazy. william thank you for the report. >> you bet. >> well, in the mean time, a huge win if you're one who likes to resell things from ebay to yard sales, and itch ed -- rich edson in washington. rich? >> e bay and overstock.com love the decision. publishers, not so much. the supreme court questioned whether a student could buy cheaper, foreign made and sold textbooks and resell them in the united states for profit. copyrights permits sales only overseas, but the courts said no. once americans buy an item, they buy and resell it of the the other decision could have made it difficult to resell foreign items in the u.s.. libraries say the decision is a landmark win for consumers, small businesses, online marketplaces, retailers, and libraries natio
, giving spirit. visualize a future where the economy is growing at a steady pace, entrepreneurs are building businesses, taking risks, innovating, investing, employing millions of americans come and as they employ these americans, they move them up the economic ladder. we are able to pay off our debt. they are confident and proud of their country. partys a vision tea patriots have for america's future. [cheers and applause] a constitutionally limited, fiscally responsible government, where free markets thrive. [applause] and for this vision, we have been mocked, marginalized, and maligned by president obama, nancy pelosi's, and majority leader harry reid. and people from the republican establishment, like senators john mccain and lindsey graham. our are contemptuous of vision, and our vision is distinctly different from today's reality. our country is $17 trillion in debt, and we are headed to bankruptcy. our gross domestic product shrunk, and wall street profits it. seven out of the 10 wealthiest counties in america are right here in boom town d.c. like "the hunger games." corr
back the economy and the g.o.p. believes mr. obama is creating a nation at war with itself. the affluent vs. the nonaffluent. over the weekend senator ted cruze of texas, a conservative, delivered a very emotional speech at cpac. >> my father came from cuba. he had been in prison. he had been tortured in cuba. and he came to texas with nothing, with 100 in his underwear. didn't speak a word of english. washed dishes making 50 cents an hour. in someone had came up to that 18-year-old kid avenue as he was washing dishes and suggested to him that 55 years hence his son would be sworn into office as a united states senator representing the great state of texas. [ applause ] that would have been unimaginable. >> now mr. cruze says his dad made it on his own without government assistance. he worked hard and provide for his family and now his son has achieved the american dream. that's the way this country is supposed to work. but president obama himself has a very compelling story to tell. his father abandoned him. he was raised primarily by his maternal grandparents in hawaii. h
. find out how this publicly-traded company grows even in the face of a weak economy. david: let's look what drove the markets today with today's data download. stocks pulling back with all three major indices closing lower. the dow snapped its longest winning streak since 1996 falling in into the red after ten straight days of gains. dow, s&p, nasdaq all ending higher for the week. utilities and financials were the week's top performing sectors, while telecom, consumer staples lagged a bit. consumer prices rising at its fastest pace in nearly four years in february, jumping .7%. the jump was fueled by a 9% surge in gasoline prices. so it was limited primarily in that one area. a 5.4% climb in energy prices overall. >>> preliminary reading showed consumer sentiment tumbled in early march to the lowest level in a year as americans face uncertainty over federal spending cuts. the index dropped to 71.8 level this month, far below february's reading of 77.6. economists forecasts of 78, sandra. sandra: we've got mark sebastian in the pits of the cme group in chicago. our market panel. john b
economy and i suggest even our very way of life. we need a whole of america solution to this national problem, and the department of defense absolutely has a critical role to play in that effort. if you believe that the d.o.d. has a vested interest in having reliable sources of energy, you should agree that new fuels meet their needs. as i mentioned, we're all concerned about the effect of sequestration on our troops, but we can't solve our problems with the same kind of shortsighted thinking that got us here in the first place. killing the navy's boistles program -- biofuels program, make no mistake, that's what this this amendment would do, will cost more money than it saves. it will set back an destroy poised to provide our country with enormous and important benefits. and it will make sure, it will ensure we keep pouring money into foreign coffers. i want to urge my colleagues to continue to support smart investments in our future like the navy's biofuels initiative. therefore i urge my colleagues to oppose the toomey amendment. mr. president, thank you for your attention. i yield
and the economy, support for proxies'. if you had the opportunity to sit quietly with the supreme leader of iran and talk to him, talk him out of whatever he appears to be intending to do, what would you say to him about u.s. intentions at u.s. cooperation with our partners in the region? >> i would send dennis rodman over there. [laughter] the truth is the first thing i would do i would ask why they are doing what they're doing and i would like to hear it from him personally. because we know of course what his surrogates and proxy's are doing. i would like to know from him they close by the way, you know in that region that the three countries that have always been country, iran, turkey, egypt, they are the cornerstone of that region. it does not mean that we want to be like them or anyone want to be like them, but we have to account for the fact that those three countries are the historic cornerstones or and points of that region. the first thing i would like to is what is a they believe the future holds for the region and why are they apparently, it seems to me, on a path to try to dredge up
of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world intersection of budget saving opportunities with potential areas of agreement. health care reform is one. but not just by shifting the burden to seniors and disabled as the republicans propose in their fantasy budget. my home state of oregon is the middle of an exciting demonstration of how to squeeze out the waste we all know is there and realign incentives. instead of the empty ritual of pretending to repeal obamacare, let's work together to accelerate reform for all americans. if the oregon experiment works, and frankly many of these efeshencies by the way are already achieved in other parts of the country and with some private health systems, we could save more than $1.2 trillion that is the flawed sequester is suppos
. if the economy hobbles along and don't get me wrong, the markets are roaring, we've had a few days where it has slowed just a bit. but the average american, the pedestrian middle class family how well are they doing? how confident are they? and if the economy slows for them, the prospects for immigration reform, i don't believe are nearly as high, if you don't get what mark has been saying now for over two weeks. the sequencing done right on this cut spending cuts and tax reform. things sound great and they're moving along now. but joe, as we talked about earlier, you're going to have reticent democrats. and even key congressional races who are going to slow down a bit and saying, look, i want immigration and guns dealt with, what are we doing about the economy and the budget, the debt, and tax reform? >> and this is, richard haas, you can only push people so far, i mean, not the republicans' best friend. this weekend said democrats you're about to lose me. i pay 40% federal, 15%. well, i hear we have it cued up. let's go. this is bill maher this weekend. >> -- actually do pay the freight in th
report showing a tale of two economies, young people struggling and millionaires the number is surging. what is needed that is still ahead. >> kelly: and we are less than two hours away from results of the cpac straw poll. what will it tell us about the presidential field in 2016? >> we're not here to rebrand the party. we are here to rebuild a country. [ phil ] when you have joint pain and stiffness... accomplishing even little things can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis, my rheumatologist prescribed enbrel for my pain and stiffness, and to help stop joint damage. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. you should not start enbrel if you have an infection like the flu.
at $500 since 1999. it's been pretty flat. we are getting more jobs. the economy is getting better but at a lower rate than it should be. we lost over 700,000 government jobs during the obama administration despite all the right wing talk about him the fact is the deficit is getting smaller and there are fewer and fewer government jobs. the addition of jobs we had last month, 236,000 jobs, 70 those of those were business service jobs. that's a good sign for the future. accountants office workers being hired that employeers expect more business in the future. but the sequester and the press for austerity and the increase of social security tax are all slowing our progress to where we should be. >> michael: of course these companies would be hiring accountants now because they're making so much damn money because they're not paying enough wages to their workers. that's part and parcel of how it works. >> yes remember a fundamental tenant of the chicago school and i went to the chicago school is to get rid of unions, that means driving down wages. i just reported in my column in tax a
$85 billion of spending and as many as three-quarters of a million jobs out of the economy this year. we've gotten used to republican leaders insisting the national debt is the nation's number one priority. but that might be so last week. here is congressman paul ryan on "face the nation" this sunday. >> we do not have a debt crisis right now, but we see it coming. we know it's irrefutably happening. if we follow the president's lead or if we pass the senate budget then we will have a debt crisis then everybody gets hurts. you know who gets hurt first the poor and the elderly. that's what we're trying to prevent from happening. >> john: preventing a debt crisis to help the poor and elderly. that sounds like a really good idea. could speaker of the house john boehner agree with congressman ryan on this? >> we do not have an immediate debt crisis, but we all know that we have one looming. it could be a year, two years three years four years. it's not an immediate problem. >> john: how about canceling the sequester mr. speaker. while the national debt may not be an immediate problem sur
here is people are buying u.s. based stocks because our economy is improving and getting better and they're selling some of the chinese and foreign names here because china is trying to put the brakes on growth a little bit. that's been down for the last couple of months here. our s&p 500 has been on the upside. it's not just then but emerging stocks in general. that bottom line is the green line. the emerging market index. the major one. there is the s&p 500. s&p is up 9%, emerging market index is down about 3%. people are starting to look more at the united states as the growth part of the world right now. >> exactly. and the data seems to be supporting that. thank you very much. >> in the meantime gold prices. >> close iing. >> it has been a choppy session. in large part by the movements of the dollar. the largest gold etf as well. has seem some reduction in its holdings. that is something that some analysts are saying is due to institutional investors pulling out metals across the board. >> thanks. back to chicago where rick is tracking the action at the cme. first, there is
in the 2008 meltdown of the american economy, as of late 2012, there have been several civil suits filed against major wall street financial firms, but not a single criminal prosecution. in this edition, we look back at the 2008 financial crisis and the failure of government regulators to prosecute those who might be criminally responsible. later, lehman brothers bankruptcy investigator anton valukas shares his findings on the collapse of the giant investment bank where no senior official has ever faced charges in the biggest bankruptcy in u.s. history. but first we begin with a nine-month 60 minutes investigation looking for wall street cases that might have prosecutorial merit. in december 2011, steve kroft reported on two such cases. we begin with a woman named eileen foster, a former senior executive at countrywide financial, one of the epicenters of the crisis. >> do you believe that there are people at countrywide who belong behind bars? >> yes. >> do you want to give me their names? >> no. >> would you give their names to a grand jury if you were asked? >> yes. >> but eileen foste
down. >> george bush ruined the economy. obama is trying to save it. >> stephanie: yes, lowest level of spending since eisenhower. rush limbaugh >> so what the left tries to do -- you'll hear this fill this pulpit praise for his behavior towards the poor and people in the thir world, and it's going to be an attempt to soften him up, because eventually what they want him to do is renounce christ. that is the objective of the progressives who oppose the catholic church. >> stephanie: oh! oh! it's progressives that -- you mean alter boy rape? what do we oppose? >> no progressives want the pope to renounce christ. >> stephanie: oh yes, that's on the top of my list. >> huh? >> he is just making stuff up. >> stephanie: and that's why pat boon would come in on fox business channel. >> he is following his play book which is [ inaudible ] rule for radicals. >> come on. >> this is the guy that trained him to be a marksist, a socialist, a progressive -- >> those are not the same things! >> -- but there has to be some kind of reasoning for what he does. he has a plan which he
there. the economies there were slow and germany the fifth biggest. great britain at number eight. france the 9th largest. all shrink shrinking in the last quarter. that is not what you want. entire eurozone by the way losing huge number of jobs. a record 19 million are unemployed. martha: deadly storm causing serious problems across the south. areas of alabama got pummeled with large hail. some of it was the size of baseballs. that is an unusual sight. that is what they had there. high winds causing issues in georgia. thousand people waking up without power there. national weather service say the storm destroyed a store and a dozen homes. look at the wreckage on the ground. one man was killed when the wind topple ad tree on to his car. bill: we had whiteout conditions here in new york city last night and a new round of snow making for a tough commute across the northeast. new england could see the worst of it. that region getting hit with several major storms over the winter. it could get up to 20 inches of snow by the time this storm passs? maria molina live in the fox severe we
to see paul ryan defund "obamacare." our economy cannot afford it. it must be every conservative's mission to defund it and move away from socialized medicine before it is implemented. 2013 is a challenge. let can to canton andit must be a year where we wage attack against and those forces in the republican establishment that hijacked the conservative movement. we must not rest. as conservatives, we all believe america is an exceptional nation. we do not want our beloved nation to have the financial books of greece or the gun laws of china. waynds, i fear that is the we are headed. president obama and his left- wing liberals -- the media is in the bag for this administration, and we all know it, which is why the grass roots of our movement must not sit on the sidelines. you must redouble your efforts and together we must fight those who want to sell out our principles. remember reagan's three pillars of conservatism -- free enterprise, strong national defense, and per-family social policies. we must not cede these principles to president obama on one hand, or the republican estab
like now vicious cuts were going to destroy america's economy and all of the things they are predicting now they predicted back in 1995. they were wrong then and they are wrong now. >> as kelly just mentioned senate democrats unveiled their plan for the budget. patty murray greeted the president over lunch on tuesday. it calls for raising tax revenue by 1 trillion and slashing spending by 175 million. >> harold is smiling. >> stop shaking your head. what is up? how would you like to be a democrat going back to the people of tennessee i raised your taxes a trillion dollars? >> how are they doing it? >> i shake my head. if you're a pedestrian and watching this, this is willie's question. this is where we were six months ago, three months ago. i have great respect for senator murray and i believe she believes in their budget but they have to come together because i'm not sure shs any different. paul ryan's too. how do you examine to abolish after you had an election? >> these are political documents. paul ryan's document is a political document more than an economic document, telling ameri
the deficit and grow our economy. yield back. the speaker pro tempore: the chair lays before the house the following personal requests. the clerk: leave of absence requested for mr. thompson of california for today. the speaker pro tempore: without objection, the request s granted. under the speaker's announced policy of january 3, 2013, the gentleman from california, mr. bera, is recognized as 60 minutes as the designee of the minority leader. mr. bera: mr. speaker, thank you for that recognition. thank you for this time. mr. speaker, over the past several weeks, i've been talking to my constituents, i've been talking to former patients about the importance medicare and how medicare has impacted their lives, how they've relied on it. you know, as a doctor, i've taken care of thousands of patients, patients who've worked their whole life paying into a system so that they could rest easy at a time when they needed their health care. hey -- they needed their health care they wouldn't have to worry about it. this is a program that has served millions of americans for decades. they've come
this was a vision, if we can get it implemented, really would allow america to take off. our economy is recovering. it is resilient. but it not yet where it need to be. we've got millions of people who are still out of work or underemployed. we've still got businesses that could be thriving if we're able to make sure washington doesn't engage in self-induced crises. we'll have a lot of work to do. let's face it, there's still a lot of divisions and arguments here in washington. doing our h we are very west to reach out to the other side, and i think there's a genuine desire on the part of republicans and democrats to try to get something done, i think there is a weariness among membership in the senate and the house about this constant grind, day in and day out of argument and crises instead of productivity and movement forward. the politics of a lot of these issues is tough. and members sometimes are scared about making the right decisions. and they're particularly scared because they're subject to pressure from special interest groups and well financed organizations that may be pushing in a diff
as the economy gains steam. can this party last? it's monday, march 18th. >> announcer: from abc news, this is "world news now" with john muller and diana perez. >> hey, wow. >> who? >> they said our names. >> let's hear that again. >> cue that up again. ♪ >> "world news now." >> announcer: from abc news, this is "world news now" with john muller and diana perez. >> sounds nice, right. >> that's you. >> let's do it. >> that's you, me, us. welcoming a familiar face to our anchor desk. here this morning. of course, a face that you recognize. john muller, congratulations. welcome to the team. >> a thrill to be here. i have filled in dozens of times. hopefully a few of you know me. out there. like i said all morning long, i have always been a fan of the show. i always really watched it because i used to do another show cross town locally. i would look up from the makeup chair and be like those poor guys are already up and doing it. what i am about to do. i thought i was the only one up at the hour. i'm a night owl. and i have always loved the show. tradition of people sitting in the cha
, knoxville, tennessee, have in common? they have bigger economies than cyprus. it has over a million people. gdp of about 24 billion. but this place is in big trouble right now, because of the issue of debt. what they have is a massive debt. they're spending more than they have, so they're getting a bailout from the eu of about $13 billion. we're going to do this all in dollars, not euro, to keep it all clean here. so, of course, with the bailout comes, as we've seen with other nations, you s as you austerit measures. but the savings tax. essentially, a 6.75% tax on $131,000 and below. you get the picture. if you have $131,000 in the bank right now, and this thing gets approved tomorrow, if that happens, they would come in and take about $9,000 out of your account. even more if you have more. now, the plan is if you do this, you get shares of the bank, and then, jake, when everything gets fixed, theoretically, you get your money back and maybe some more. >> tom, you said cypriots. i said cyprus. >> we'll settle that later. >> thank you so much. >>> also leading money news, how bad are thing
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